633 Glenwood Avenue, Kelowna, BC, V1Y 5M2

MLS® # 10314640

Commercial For Sale In Kelowna, British Columbia

$1,800,000

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633 Glenwood Avenue, Kelowna, BC, V1Y 5M2

$1,800,000

Property Information:

Rare opportunity to acquire a prime development property in the heart of South Kelowna. Currently featuring a well-maintained rental house, this expansive property offers immediate rental income while you plan your development. With MF4 zoning that allows for a 6-story building by blending neighbouring properties and located in a parking exempt zone, the potential for high returns on investment is immense. Close Proximity to shops, restaurants, services and steps away from the Kelowna General Hospital. Additionally, located within close proximity to Okanagan Lake. Key Features: • Zoning: MF4 zoning ideal for 6 story residential development with minimal parking restrictions by blending neighbouring properties. • Current Structure: Charming, income-generating house currently leased to reliable tenants for $3,650.00 per month. Casita in backyard which creates the potential for additional square footage and rental income • Location: Situated in a highly desirable area with robust market demand, ensuring strong appreciation potential. • Accessibility: Excellent transport links and proximity to major roads, public transport, shopping centres, schools, and recreational facilities. • Future Development: Perfect canvas for developers looking to build residential apartments, Potential FAR of max 2.8 https://drive.google.com/file/d/1nnRRM1iGSNHbZ5zrNUv8SJ7qGVlfjmDq/view

Property Features:

Construction Materials: Vinyl Siding, Wood Frame
Cooling: Heat Pump
Heating: Heat Pump, Natural Gas
Lot Size: 0.18 Acres
Parking Features: Additional Parking
Roof: Asphalt, Shingle
Water Source: Public
Sewer: Public Sewer
No. of Parking Spaces: 3

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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Kaila Klassen

Real Estate Agent Royal LePage Kelowna *

Office:250.860.1100

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Market Price Trends

Location of 633 Glenwood Avenue, Kelowna, BC, V1Y 5M2

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

28 hot days expected in 2050

Projected Storm Risk: Relatively Low

12 storms expected in 2050

Projected Heat Risk: High

28 hot days expected in 2050

49/100

High

ClimateCheck®

Current data

This property, 633 Glenwood Avenue , experiences 7 hot days per year at around 33.1 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 28 hot days at 36.9 degrees Celsius.

Projected Avg. Temperature

Past

33.1℃

2050

36.9℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk: Relatively Low

12 storms expected in 2050

19/100

Relatively Low

ClimateCheck®

Current data

This property, 633 Glenwood Avenue , experiences 11 significant 2-day storms per year, with about 140.1mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 12 significant 2-day storms with 153.7mm of precipitation per year.

Precipitation Per Storm

Past

140.1mm

2050

153.7mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 633 Glenwood Avenue, Kelowna, BC, V1Y 5M2

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$119,357.51

Average Number of Children

1.46

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

7.52 %

High school certificate or equivalent

30.37 %

Apprenticeship trade certificate/diploma

4.91 %

College/non-university certificate

22.86 %

University certificate (below bachelor)

0.61 %

University Degree

33.73 %

Commuter

Travel To Work

By Car

68.28 %

By Public Transit

5.54 %

By Walking

19.32 %

By Bicycle

4.25 %

By Other Methods

2.61 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

29.25 %

Houses

70.75 %

Own Vs. Rent

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633 Glenwood Avenue, Kelowna, BC, V1Y 5M2 $1,800,000 MLS® # 10314640

Property Information:

Property Features:

Market Price Trends

Location of 633 Glenwood Avenue, Kelowna, BC, V1Y 5M2

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 633 Glenwood Avenue, Kelowna, BC, V1Y 5M2

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

633 Glenwood Avenue, Kelowna, BC, V1Y 5M2

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